CTOS Digital Berhad (KLSE:CTOS) agreed to acquire Fintech Platform Ventures Pte Ltd. from Diana Georgieva Krumova, UBX Private Ltd, Vegueros Limited, Ivaylo Venkov Kolev, Christo Darinov Georgiev, Chilingirov Petar Lyubomirov and others for $5.9 million on August 25, 2023. The consideration shall be fully satisfied by bank financing. Fintech Platform Ventures reported revenue of $4.098663 million, net loss of $0.63765 million and net assets of $1.566435 million as at December 31, 2022. The transaction is expected to close in fourth quarter of 2023. Ernst & Young Global, Phillipines acted as accountant to CTOS Digital Berhad. SyCip, Gorres, Velayo & Co. acted as accountant to Fintech Platform Ventures.

CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of Fintech Platform Ventures Pte Ltd. from Diana Georgieva Krumova, UBX Private Ltd, Vegueros Limited, Ivaylo Venkov Kolev, Christo Darinov Georgiev, Chilingirov Petar Lyubomirov and others on October 26, 2023.